Key Market Indicators
Portuguese Maritime Transport Sales are projected to reach approximately €647 million by 2028, up from around €597 million in 2023. This represents a compound annual growth rate (CAGR) of 1.3%. Since 2010, the Portuguese market has seen a year-on-year increase of 4.7%. In 2023, Portugal was ranked 15th, with Iceland surpassing it at the same figure of €597 million. Leading the rankings were Denmark, France, and the United Kingdom, occupying the second, third, and fourth positions, respectively. The Portuguese vessel fleet is expected to grow to 15,020 units by 2028, up from 14,400 units in 2023. This growth represents an average annual increase of 0.7%. Since 2005, the supply of vessels in Portugal has grown by 0.4% annually. In 2023, Portugal was ranked 17th, with Poland overtaking it at 14,400 units. Italy, Denmark, and Croatia held the second, third, and fourth positions, respectively, in this ranking.
